PDAC: Coronavirus weighs on mining outlook
It’s usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in…
Iron Ore
Rio Tinto builds first solar plant in Western Australia
Rio Tinto (NYSE: RIO; LSE: RIO) will build a US$98 million solar plant to power its Koodaideri iron ore mine in Western Australia, about 35 km northwest of the company’s…
Ashley Kirwan, David Cataford named Young Mining Professionals of the Year
The winners of the Young Mining Professionals (YMP) awards this year are Ashley Kirwan of Orix Geoscience and David Cataford of Champion Iron (TSX: CIA). The YMP awards, presented in…
Iron price falls on coronavirus
Benchmark iron ore prices fell on Jan. 29 as China — responsible for more than 70% of the world’s seaborne iron ore trade — struggles to control the deadly coronavirus…
Ex-Vale CEO charged with homicide for Brazil dam disaster
State prosecutors in Brazil have charged Vale’s (NYSE: VALE) former CEO, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster a year ago at the company’s Feijao iron ore…
Iron price gains as Chinese imports surpass 1 billion tonnes
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third year in a row as…
Editorial: Top stories of 2019
The mining industry had its share of tragedy this year starting in January with the murder of Canadian geologist Kirk Woodman in Burkina Faso and Vale’s tailings dam disaster in…
US markets post gains, Dec. 23-27: Vale, Hecla
The S&P 500 Index rose 0.58% to 3,240.02, making 2019 the best year for stocks on the S&P 500 since 1997. The Dow Jones Industrial Average gained 0.67% to 28,645.26…
Commentary: Mining company boards have ‘advantage’ in transition to low-carbon economy
With the mining sector generating 14% of Canada’s greenhouse gas (GHG) emissions, the presence of climate change presents the sector with both opportunities and risks. The transition to a low-carbon…
Interview: Rory Johnston of Scotiabank looks to 2020
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank’s economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the…
Anglo American cuts output targets for coal, iron ore and diamonds
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium,…
Cleveland-Cliffs to acquire AK Steel in US$1.1B all-share deal
US iron ore producer Cleveland-Cliffs (NYSE: CLF) is acquiring AK Steel (NYSE: AKS) in an all-share transaction valued at US$1.1 billion. Cliffs, North America’s largest producer of iron ore pellets,…